Undergraduate Award Guide

OFFICE OF FINANCIAL AID
Now that you have been awarded financial aid, here is
Undergraduate Award Guide 2011-2012
some information you will need to know. Applying for Federal Direct Parent PLUS Loans
How Financial Aid is Calculated 1. View Parent PLUS loan amount in the student’s
portal.
The amount of financial aid you are eligible for is 2. Log into studentloans.gov and click on Request a
determined by a simple formula: PLUS Loan, which will allow the borrower to
authorize a credit check. Also, complete a PLUS
Student's Cost of Attendance (budget) Master Promissory Note if we don’t have one on
- Expected Family Contribution (EFC) file.
3. For more information about interest rates, monthly
= Financial Need payments, and types of repayment options visit
www.colorado.edu/finaid/parentloans.html.
Students with the lowest EFC’s, who apply by the March 1
priority date, are given the highest priority for grant aid. Note: dependent students whose parents fail the credit
Scholarships, work-study, and subsidized loans require check are advised to contact a financial aid counselor
that students demonstrate financial need, while for more options.
Unsubsidized and PLUS loans do not.
The amount of financial aid offered is intended to help you Applying for Private Loans
cover your college expenses for one academic year. Private loans are recommended as an option only after
the student has applied for the federal loan programs.
To learn more about these loans, visit
Accepting Your Financial Aid www.colorado.edu/finaid/alternative.html
Scholarships, grants and work-study awards are
automatically accepted. Students and parents will need
to follow additional steps to apply for loans.
Student Employment
Available work-study, hourly, and off-campus jobs may
Scholarship Information
be viewed in the student portal.
Jobs for fall semester are posted around July 1.
Private scholarships will need to be reported to our
Students awarded work-study for fall semester will need
office. This can be done via the student portal. to begin working before October 1 to avoid cancellation
Scholarship donors can send checks to Scholarship of the work-study award.
Services, University of Colorado Boulder, 77 UCB, Resident advisors or students who participate in the
Boulder, CO 80309-0077. Checks should be received Student Work Assistance Program (SWAP) will receive
prior to the tuition bill due date to avoid late fees a housing credit. The amount of the credit is considered
a financial resource which may reduce other types of
financial aid.
Applying for Federal Direct Stafford Loans
1. Accept the loan online via the student portal. Financial Aid Refunds
Always accept the subsidized loan first.
2. First-time borrowers will need to complete a Financial aid, with the exception of work-study, will be
Federal Stafford Loan Master Promissory Note and applied directly to the student’s university bill. Any funds
loan entrance counseling online at exceeding the bill will be refunded to the student’s
studentloans.gov. designated bank account by direct deposit
3. For more information about interest rates, monthly approximately three days before classes begin. For
payments, and types of repayment options visit more information on direct deposit, visit
www.colorado.edu/finaid/studentloans.html. www.colorado.edu/bursar or call the Bursar’s Office at
303-492-5381.
Students have the right to cancel the loan anytime
during the award year. If the loan funds have been
refunded to you, those funds will have to be repaid to Professional Judgment
the University before the loan can be cancelled.
If the student or their parents have unusual
circumstances such as a loss of income or unusually
Important Note: Students can accept Stafford loans up
high medical expenses, they can submit a Professional
until the last day of the semester in which they are
Judgment Appeal. To learn more about this appeal
enrolled at least half-time.
process, visit www.colorado.edu/finaid/unusual.html.
Financial Aid Policies Mailing Addresses
Financial aid policies contain important Office of Financial Aid
details about how current and future financial Regent Administrative Center, Room 175
aid can be impacted by actions such as University of Colorado Boulder
Undergraduate Award Guide 2011-2012
dropping classes, withdrawing from the Office of Financial Aid
university, or not receiving passing grades. 77 UCB
Boulder, CO 80309-0077
The following policies can found online at
www.colorado.edu/finaid/finaidpolicies.html: Student Employment
Regent Administrative Center, Room 205
 Adjustments to Financial Aid University of Colorado Boulder
 Satisfactory Academic Progress Policy Student Employment
 Student Rights and Responsibilities 77 UCB
 Withdrawal Policy Boulder, CO 80309-0077
Adjustment to your Award Offer Website and E-mail
It is important to note that all awards are based Office of Financial Aid
on available funds and full-time enrollment. Website: www.colorado.edu/finaid
CU-Boulder has the right to revise or cancel E-mail: finaid@colorado.edu
awards if funds are unavailable; the student’s
application contains incorrect data; or the Student Employment
student’s enrollment status changes. Website: www.colorado.edu/studentemployment
E-mail: stdemp@colorado.edu
Financial Aid Funding Sources Scholarship Services
Website:
www.colorado.edu/finaid/scholarships.html
Federally funded programs include:
E-mail: schlp@colorado.edu
 Federal Pell Grant
 Federal Supplemental Educational
Phone
Opportunity Grant (SEOG)
 Federal Work-Study Office of Financial Aid . . . . . . . . 303-492-5091
 William D. Ford Federal Direct Stafford Student Employment . . . . . . . . . 303-492-7349
Loan (subsidized, unsubsidized, PLUS, and Scholarship Services . . . . . . . . . 303-492-4533
graduate PLUS)
Office of Financial Aid Fax 303-492-0838
State of Colorado programs funded by the
Colorado General Assembly include:
U.S. Department of Education Contacts
 Colorado College Responsibility Grant
 Colorado Graduate Grant General Info/FAFSA . . . . . . . . . 800-433-3243
 Colorado Work-Study TTY/TDD . . . . . . . . . . . . . . . . . . 800-730-8913
Direct Loan Servicer . . . . . . . . . 800-848-0979
Federal and State of Colorado funded programs Direct Loan Consolidation . . . . . 800-557-7392
include:
 Colorado Leveraging Educational Title IV Institution Code: 001370
Assistance Partnership (CLEAP) Grant
 Colorado Supplemental Leveraging
Educational Assistance Partnership
(SLEAP) Grant
The University of Colorado Boulder also funds a
variety of scholarships and need-based grants.
College Opportunity Fund
Undergraduate Colorado residents will need to The University of Colorado has a strong institutional commitment to the
principles of diversity and takes action to achieve that end. The
proactively apply for and authorize the use of
university does not discriminate in its educational and employment
the state stipend before it is credited to the programs and activities on the basis of race, color, national origin, sex,
university bill. Please review the information at sexual orientation, age, disability, creed, religion, or veteran status.
www.cu.edu/ums/cof/faq.html.